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The Polish Prime Minister claims that cryptocurrency companies are involved with Russian gangs and intelligence networks and are funding political opponents, sparking regulatory controversy

Polish Prime Minister Donald Tusk stated that a cryptocurrency company linked to "Russian gangs and intelligence agencies" is funding political opponents and influencing domestic cryptocurrency regulatory legislation.During a parliamentary vote on Friday, Tusk pointed out that some Polish politicians obstructing cryptocurrency regulatory legislation are serving the interests of a company named Zondacrypto, which is accused of providing "financial support" to political figures and has ties to Russia. Tusk further claimed that the company sponsored the CPAC (Conservative Political Action Conference) event held in Poland last year, during which former U.S. Secretary of Homeland Security Kristi Noem publicly supported President Karol Nawrocki's campaign. Tusk bluntly stated that the company's funding sources involve not only "money related to the Russian mafia (Bratva)" but may also be connected to Russian intelligence agencies.Meanwhile, President Nawrocki won the election in June last year, with support from former U.S. President Donald Trump. The president's office responded that it does not oppose cryptocurrency regulation itself but opposes the "flawed regulatory model" proposed by the government. This controversy arises amid the political tug-of-war in Poland over the cryptocurrency regulatory bill. The bill aims to align with the EU's MiCA (Markets in Crypto-Assets Regulation) framework, but the president previously vetoed the related bill and blocked parliament from overturning the veto in December, hindering the regulatory process.

The Bitcoin network has seen the first block supporting BIP-110, which has sparked controversy over the restriction of on-chain data usage

According to market news, the Bitcoin network has seen the first block supporting the BIP-110 proposal, mined by the Ocean pool. This proposal aims to limit arbitrary non-financial data in blockchain transactions through a temporary soft fork over approximately one year. Supporters believe this can curb "junk" data that occupies block space, protect Bitcoin's role as a robust monetary infrastructure, and alleviate the burden on node operators. The proposal has sparked intense controversy within the community.Critics, including Blockstream CEO Adam Back, warn that intervention at the consensus layer could undermine Bitcoin's credibility, lead to discriminatory treatment of transactions, and violate the principle of transaction capacity neutrality. He also questioned the actual support for the proposal, stating it could increase the risk of blockchain splits.The controversy escalated further when a developer embedded a 66KB image in a Bitcoin transaction to oppose the core claim of BIP-110, demonstrating that a large amount of data can be encoded even without relying on OP_RETURN. This debate highlights the long-standing ideological divide within the Bitcoin community: whether to staunchly defend Bitcoin's pure positioning as a currency or to maintain maximum neutrality regarding arbitrary uses at the base layer.

Governor of the Bank of Korea: Authorities plan to allow domestic institutions to issue virtual assets, but there are still controversies surrounding stablecoins

According to the Mobile Payment Network, Bank of Korea Governor Lee Chang-yong stated at the Asian Financial Forum in Hong Kong that due to market pressures, authorities have allowed South Korean residents to invest in virtual assets issued overseas. Meanwhile, financial regulators are studying the establishment of a new registration system to permit domestic institutions to issue virtual assets.He pointed out that the won-denominated stablecoin is expected to be primarily used for cross-border transactions, while tokenized deposits will be more for domestic payments, but he emphasized that there are still many controversies surrounding stablecoins. He is concerned that once the won stablecoin is launched, it may be used to circumvent capital flow management measures, especially when combined with widely used and easily accessible dollar stablecoins, which poses even greater risks.Lee Chang-yong mentioned that the transaction costs of dollar stablecoins are much lower than directly using dollars, and during exchange rate fluctuations, it can easily trigger large inflows of funds; moreover, most dollar stablecoins are issued by non-bank institutions, significantly increasing regulatory difficulties. In addition, South Korea's rapid payment system has matured, and the advantages of retail central bank digital currency (CBDC) are not obvious. The central bank is promoting several pilot projects to lay out tokenized deposits and wholesale CBDCs to maintain a dual financial system.
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